ERJ staff report (LMH)
Kottayam, India -- Natural rubber production in India during 2010-11 was 3.7 percent higher than the previous year, India Rubber Board chairman Sheela Thomas said during the presidential address at an 18th April board meeting.
Thomas told the board that the domestic production of natural rubber (NR) in 2010-11 was 861 950 tonnes, up from 831 400 tonnes in 2009-10. And she said that the anticipated domestic production for 2011-12 is 902 000 tonnes.
Domestic NR consumption also increased by 2 percent during 2010-11, Thomas said. And growth in tyre production in the automotive sector grew by 23 percent during the period from April 2010 to February 2011. The export of tyres increased by 20 percent, but truck and bus tyres specifically decreased by 5 percent, Thomas said.
The export of NR during 2010-11 amounted to 28 424 tonnes, compared to 25 090 tonnes in the previous year, the meeting was told. And import of NR was 177 482 tonnes, 73 percent of which was through duty free channels.
Projections of production and consumption of NR indicate a deficit of 75 000 tonnes, but a shortage was not expected as the opening stock of NR in 2011-12 is relatively high at 277 095 tonnes as compared to 211 290 tonnes in 2010-11.
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Press release from Indian Rubber Board